Net Income Per Common and Common Equivalent Share

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Net Income Per Common and Common Equivalent Share

(3) Net Income Per Common and Common Equivalent Share

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock options and stock purchase rights. Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive.

The following table presents the calculation of both basic and diluted earnings per share (“EPS”):

For periods ended
	March 31,	April 2,
	2012	2011
	------------	------------
Basic EPS Computation:
Numerator:
Net income (loss)	$(534,335)		$16,143
Denominator:
Weighted average
common shares
Outstanding	12,865,659		12,714,819
Basic EPS	$(0.04)		$0.00
Diluted EPS Computation:
Numerator:
Net income (loss)	$(534,335)		$16,143
Denominator:
Weighted average
common shares
Outstanding	12,865,659		12,714,819
stock options	--		466,173
Total Shares	12,865,659		13,180,992
Diluted EPS	$(0.04)		$0.00